McKinsey Energy Insights, the global market intelligence and analytics arm of McKinsey & Company focusing on the energy sector, has launched its 2019 North American Gas Outlook.
According to the report, the North American gas demand will reach 125 billion cubic feet of natural gas per day (bcfd) by 2030 from 95 bcfd today, 20 bcfd of which, will come from gas and LNG exports.
The report also revealed US gas economics will reach below $3 million British thermal units (mmbtu) in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically.
“North America is endowed with abundant gas resources, which will play a major role in the energy mix domestically and provide security of supply through LNG exports to Europe and Asia,” said Dumitru Dediu, Partner at McKinsey.
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